KBC to Pay for Slovenia's First Bank in Coming Weeks

Brussels, 2 September - The Belgian bank KBC is to pay up for the 34-stake in Slovenia's largest bank Nova Ljubljanska banka (NLB) in the next weeks, KBC told a press conference in Brussels on Monday. "The original date was 4 September, but that was postponed for a little while. Perhaps the closing of the transaction will take somewhat longer, so I cannot say exactly when the purchase fee will be paid. It could be a matter of days or weeks," said KBC executive board chair Remi Vermeiren.

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